Thursday, 30 May 2013

Business Day: Sibanye Gold to axe 1,110 after new-look deal

SIBANYE Gold management and unions have staved off thousands of jobs cuts at the struggling and fire-ravaged Beatrix West mine, in a fraught mining environment.

The announcement from South Africa’s largest gold producer came a day after Mineral Resources Minister Susan Shabangu said her department was urgently looking at a rescue plan for the troubled gold and platinum sectors.

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